2/12/25: Inflation UP, egg prices RECORD HIGH, Elon takes over
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 12 February 2025
⏱️ 64 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- The first inflation report under Donald Trump is in, and inflation is up and more than expected as Trump's campaign promises fail to materialize
-- Egg prices reach yet another all time record high despite Donald Trump's promises to immediately reduce egg and grocery prices
-- Donald Trump looks defeated sitting in the Oval Office a Elon Musk takes over while his son picks and eats boogers out of his nose, wiping one on the Resolute Desk
-- Donald Trump tells Fox host Bret Baier that he does not see Vice President JD Vance as his successor
-- No longer hyperbole, it appears that Elon Musk is genuinely in charge of the federal government
-- Tesla sales are collapsing globally as political fallout and technological fallout are plaguing Elon Musk's company
-- Donald Trump is once again obsessed with toilets
-- A total meltdown takes place on Donald Trump's Truth Social
-- Trump 2.0 has become the golden age of fraud
-- On the Bonus Show: Travel stories from David's trip to Europe, and much more...
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Transcript
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| 0:00.0 | Welcome to the show. |
| 0:08.5 | It's so good to be back on the bonus show today. |
| 0:11.3 | I'll give you some of the highlights and low lights from my trip. |
| 0:16.1 | And also we'll talk a little bit about what's upcoming, new stuff going on with the book |
| 0:20.5 | and more. |
| 0:21.1 | But we must talk about inflation. |
| 0:24.3 | I need to call your attention back to when Donald Trump said that inflation would disappear |
| 0:31.2 | the moment that he would get back into office for a second term, that prices would of course plummet because he and only he knows |
| 0:40.4 | how to fix the economy, even though people who knew how to read numbers looked at inflation |
| 0:48.2 | data and said, it sort of looks okay. |
| 0:52.2 | What is there really to fix? |
| 0:54.8 | And then when Trump said, I will do tariffs and I will do mass deportations, people who understood |
| 0:59.6 | basic economics said, but if you deport workers and you add an import tax, which is what |
| 1:06.7 | a tariff is, isn't that going to push prices up rather than down? |
| 1:10.9 | Well, it turns out that it was yet another Trump lie because inflation just jumped |
| 1:18.4 | higher than anyone in the economic world expected. |
| 1:23.7 | And the kicker, of course, is that the specific things that Donald Trump promised that he would |
| 1:29.1 | fix, food prices, eggs, et cetera, are some of the biggest drivers of inflation going up. |
| 1:37.5 | So let's break it down. |
| 1:39.0 | We have the latest numbers from the Bureau of Labor Statistics, and consumer prices are up half of a percent in January. |
| 1:49.0 | In other words, it's February 12th. |
| 1:51.4 | We got the January numbers and prices are up and this pushes inflation year over year up to |
... |
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